In 2016, mortgage insurer Genworth Canada listed basement renovations among the top 5 home renovations which can help increase overall property values. Even better, this claim is supported by U.S. online money magazine The Balance, who recently referenced the average basement remodel as being able to provide remodellers with a 70 to 75% return on their upfront renovation costs.
Thankfully, at Best Basement Renovations in Toronto, we already know how financially beneficial basement renovations can be. What we also know, however, is that the average basement remodel is about much more than just adding added market value to a property.
Are you looking to add extra recreational value and livability to your home? If so, a basement renovation can provide you with a blank canvas of opportunity. This is because when undertaken by professionals such as ourselves, a basement remodel can add everything from extra guest accommodation to dedicated home entertainment space to your property. The only question is, how do you plan to make the most of your lower level potential?